December 26, 2017 / 1:21 AM / a year ago

China's central bank says will skip OMOs on Tuesday

FILE PHOTO: A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, June 21, 2013. REUTERS/Jason Lee/File Photo

SHANGHAI (Reuters) - China’s central bank said it will skip open market operations for the third straight trading day on Tuesday.

On a net basis, the People’s Bank of China (PBOC) will drain 50 billion yuan ($7.65 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Tuesday.

The PBOC injected a net 200 billion yuan into the money market last week.

Reporting by the Shanghai Newsroom; Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below